Work on Allianz Stadium is expected to commence in late 2018, and be completed by March 2022.

Premier Gladys Berejiklian said compared to a “knock down rebuild”, the cost of renovating ANZ Stadium would save $500 million and complete the rebuild two years earlier than previously scheduled. She said:

We will be able to deliver two outstanding stadiums for Sydney at the best possible value for taxpayers.

We’ve listened to the community, we know the public would have thought that is too much to spend.

Ms Berejiklian also announced the NRL grand final would remain in Sydney for the next 25 years, and said the city would have lost major events had her Government not invested in stadiums.

NRL CEO Todd Greenberg said:

Naturally I would have preferred to see a new stadium built at Sydney Olympic Park in line with our Memorandum of Understanding.

But this remains the biggest infrastructure program the game has ever seen, one that gives our fans a new level of stadia facilities.

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